Bunge plans expansion of Saskatchewan canola plant
ST. LOUIS -- Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it plans to increase the capacity at a second of its four canola processing plants in Western Canada, the facility in Ft. Saskatchewan,...
ST. LOUIS -- Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it plans to increase the capacity at a second of its four canola processing plants in Western Canada, the facility in Ft. Saskatchewan, Alberta. In October 2010, Bunge announced another project that will more than double crushing capacity at the facility in Altona,
Manitoba, as part of a multiyear expansion program in Canada.
"Expanding and upgrading our capacity in Canada is a natural way to
grow Bunge's North American business as domestic and export demand for
both canola oil and meal continues to increase," said Soren Schroder,
president and CEO of Bunge North America. "By increasing capacity in
Ft. Saskatchewan, we also improve operational efficiency so that we
can better serve all our customers in the value chain, from farmers to
food and feed manufacturers."
The proposed project would more than double Ft. Saskatchewan's current
capacity of 850 metric tons a day.
"Farmers around Ft. Saskatchewan are responding to increased demand
for canola by planting more acres. Yields are also improving thanks to
technology, making this region a logical place to expand," said Rick
Watson, Bunge's country manager in Canada. "While most of the oil and
meal that will be produced from the expansion in Altona will remain in
North America, the additional product from Ft. Saskatchewan will go to
both North American and offshore markets."
In addition to Ft. Saskatchewan and Altona, Bunge has processing
plants in Nipawin, Sask.; Hamilton, Ont.; and Harrowby, Man.
Pending all necessary approvals, the expansion is expected to go on
line in 2014.